A company earning $278 million a year, with a market cap of $444.9 billion. Is Unitree’s valuation reasonable?

An 811x P/E ratio—even Wall Street would shake its head. But the logic of China’s A-share market has never been about how much you earn now, but whether you can secure a position in the ecosystem. CATL was also criticized as overpriced when it first went public. What about now?

Unitree’s real value lies not in itself, but in setting a “valuation anchor” for China’s entire humanoid robotics industry. From now on, everyone in this sector will have to use it as a benchmark for determining value. Those trading on vague concepts can leave the stage; going forward, the competition will be about real orders and delivery capabilities.

Those rushing in now are driven by faith; those waiting for a drop are guided by rationality. Which side are you on? #我的七夕交易分享 $SNDK $NVDA